Umpqua Holdings Corporation (UMPQ): Price Target and June Short Interest Disclosure

Umpqua Holdings Corporation (UMPQ) : Average target price received by Umpqua Holdings Corporation (UMPQ) is $16.25 with an expected standard deviation of $1.54. The most aggressive target on the stock is $18, whereas the most downbeat target is $14. 6 financial analysts are currently covering the stock.

Umpqua Holdings Corporation (UMPQ), A rise of 1,361,886 shares or 12.2% was seen in the short interest of Umpqua Holdings Corporation. Even as the interest increased from 11,169,610 shares on June 15,2016 to 12,531,496 shares on June 30,2016, the days to cover came in at 5. The updated interest stood at 5.7% of the stocks floats. The stock has seen an average daily volume of 2,699,581 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, In a research note released to the investors, Raymond James downgrades its rating on Umpqua Holdings Corporation (NASDAQ:UMPQ).The analysts at the brokerage house have a current rating of Outperform on the shares. Earlier, the shares were rated a Strong Buy by the brokerage firm. The rating by the firm was issued on July 7, 2016.


Umpqua Holdings Corporation (NASDAQ:UMPQ): stock turned positive on Thursday. Though the stock opened at $16.09, the bulls momentum made the stock top out at $16.12 level for the day. The stock recorded a low of $15.97 and closed the trading day at $16.02, in the green by 1.14%. The total traded volume for the day was 2,359,724. The stock had closed at $15.84 in the previous days trading.

Umpqua Holdings Corporation (Umpqua) is a financial holding company. The Company has two principal subsidiaries: Umpqua Bank (the Bank) and Umpqua Investments, Inc. (Umpqua Investments). Umpqua has two segments: Community Banking and Home Lending. Its Community Banking segment focuses on offering loan and deposit products to business and retail customers in its market areas. Its Community Banking segment operates over 380 locations in Oregon and Washington, among others. Its Home Lending segment operates as a division of the Bank, and originates, sells and services residential mortgage loans. The Bank is engaged in the business of commercial and retail banking, and the delivery of retail brokerage services. The Bank provides a range of banking, wealth management, mortgage banking and other financial services to corporate, institutional and individual customers. Umpqua Investments is a broker-dealer and investment advisor. Pivotus Ventures, Inc. is the subsidiary of the Company.

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